The massive 100% rally in the popular meme coin Pepe (PEPE) could spell the end of the Bitcoin (BTC) rally.
The big rise in PEPE brought to mind that the Bitcoin rally may end. Founder of Onchain Capital Ran Neuner A post from Twitter in sharingthe rise in PEPE is an overinflated indicator of cryptocurrency market He said it could happen.
Historically, the rise in Bitcoin and cryptocurrencies In the final stage, meme coins are activated is passing. PEPE, Shiba Inu (SHIB), Dogecoin (DOGE) and FLOKIThe recent rise in signals the end of the rally it could be.
Neuner also made a statement supporting this view, saying that PEPE is an index that shows that the market is warming up and that this situation is a sign for escape.
While DOGE and SHIB also work as similar indicators, “meme coin rally ends Bitcoin rally” Whether it will be real this time or not is a matter of debate. happened.
According to CoinGecko data, the popular meme coin reached $ 0.00000136, an increase of 120% from $ 0.00000062 in a period of about a week, with the impact of the burning news. PEPE, at the time of writing $0.00000120is currently being traded.